AET Tankers, a Subsidiary of MISC Berhad, Provider of Maritime Solutions and Services from Malaysia, Received Three Long-Term Charter Contracts from Brazil Shipping I Limited, a Shell Group Entity
To Provide Services to Shell and According to the Terms of the Agreement, AET Will Own and Operate Three Dynamic Positioning (DP) Suezmax-Class Tankers for Operations in International and Brazilian Waters. AET is the Oil Transportation Unit of MISC and Specializes in Global Maritime Oil Transportation.
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According to MISC’s Listing on Bursa Malaysia Starting This Friday, the Long-Term Forecast for the Three Vessels is Expected to Commence in 2022 and Has an Estimated Contract Value of US $245 Million.
AET Stated that These Long-Term Charter Contracts Would Further Strengthen Its Position in the Dynamic Positioning Shuttle Tankers Market Niche Thanks to This Contract with Shell
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It’s Worth Remembering That AET Secured Its First Contract with Shell for the Chartering of a New-Build Dynamic Positioning Tanker in Brazil in August 2018. The 152,700 DWT DP2 Vessel, Built by a Korean Shipyard, is Expected to be Delivered in Q4 2020.

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